Jio Finance Share Price | Jio Financial share in oversold zone, important signals on technical chart – NSE: JIOFIN
Jio Finance Share Price | There was a decline in the domestic stock market on Friday, January 17, 2025. After three consecutive days of growth, there was a big fall in the stock market on Friday. BSE Sensex opened with a fall of 300 points, while Nifty also opened with a fall of 100 points. Meanwhile, experts of Stoxbox brokerage firm have given important indications regarding the shares of Jio Financial Services.
Current status of Jio Financial Services Company share
On Friday, January 17, 2025, shares of Jio Financial Services Company were trading at Rs 278.05, up 0.45 percent. The 52-week high of the share of Jio Financial Services Limited Company was Rs 394.70, while the 52-week low of the share was Rs 237.10. The total market cap of Jio Financial Services Company is currently Rs 1,76,907 crore.
Expert advice on Jio Financial Services stock
Stock market expert Kushal Gandhi of Stoxbox brokerage firm said that selling pressure on the shares of Jio Financial Services continues. The oversold stock does not show much signs of a rally. Currently Jio Financial stock is at its record high of Rs. There is almost 30% decline from 394 and below the moving averages with 200-day and 50-DMA, which is a negative crossover signal. The 50 week moving average of Jio Financial's stock is weakening and it is showing signs of recession. The relative strength of Jio Financial stock when compared to the benchmark index also suggests a bearish outlook. Experts of Stoxbox brokerage firm have advised investors to stay away from Jio Financial shares for the time being.
How much return did Jio Financial Services Company share give?
Jio Financial Services Company's shares have given a return of 1.46% in the last 5 days. Shares of Jio Financial Services Company have fallen 17.52% in the last one month. The stock has declined 17.49% in the last six months. The stock has given 14.64% returns in the last one year. The stock has given 29.77% returns in the long term. However, on YTD basis, Jio Financial Services Company shares have declined by 8.57%.
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